Select edible oils up on seasonal demand

Select edible oil prices rose up to Rs 30 per quintal on the wholesale oils and oilseeds market today on sustained buying by vanaspati millers to meet the ongoing marriage season demand amid firming global trend. 

Market analysts said increased buying by vanaspati millers for the marriage season, amid a firming global trend led to rise in select wholesale edible oil prices.

Meanwhile, palm oil futures for April delivery gained 1.5 per cent to $1,227 a tonne in Kuala Lumpur.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) strengthened by Rs 20 and Rs 10 to Rs 6,570 and Rs 6,170 per quintal, respectively.

Palmolein (rbd) and crude palm oil (ex-kandla) also moved up by Rs 20 and Rs 30 to Rs 6,270 and Rs 5,400 per quintal.

Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1065-1140

Edible oils: Groundnut mill delivery (Gujarat) 7,500, groundnut Solvent refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 6,080, Mustard Pakki ghani (per tin) 775-930, Mustard kachi ghani (per tin) 930-1,030

Sunflower 6,300, Sesame mill delivery 6,400, soybean Refined mill delivery (Indore) 6,570, Soyabean degum (Kandla) 6,170, Crude Palm Oil (Ex-kandla) 5,400, Cottonseed mill delivery (Haryana) 5,740, Palmolein (RBD) 6,270, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560

Non-edible oils: Linseed 4,650, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,150-4,250, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175